The global Bioabsorbable Stents Market is on a robust growth trajectory, with the market size valued at USD 970 million in 2023 and projected to reach USD 1,960 million by 2032. According to Straits Research, the market is expected to expand at a compound annual growth rate (CAGR) of 8.76% during the forecast period (2024-2032), highlighting its promising potential for healthcare advancements.

Market Definition

Bioabsorbable stents, also known as biodegradable stents, are advanced medical devices designed to provide temporary scaffolding to arteries during the healing process. Unlike traditional stents, these stents dissolve over time, eliminating the need for additional medical interventions for removal. They are predominantly used in treating coronary artery and peripheral artery diseases, providing a breakthrough in patient care by reducing long-term complications and improving vascular health outcomes.

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Latest Trends Driving Market Growth

The bioabsorbable stents market is witnessing significant growth due to the following trends:

• Technological Advancements: Continuous innovation in material science has led to the development of next-generation stents with improved absorption rates and biocompatibility.
• Rising Prevalence of Cardiovascular Diseases: The increasing incidence of coronary artery disease and peripheral artery disease globally is driving the demand for bioabsorbable stents.
• Preference for Minimally Invasive Procedures: Patients and healthcare providers are leaning toward minimally invasive treatments, further boosting the adoption of bioabsorbable stents.
• Regulatory Approvals and Research Investments: Enhanced support from regulatory authorities and rising investments in research and development are paving the way for innovative product launches.
• Growing Focus on Patient-Centric Care: The demand for safe and effective medical solutions with minimal side effects is propelling the bioabsorbable stents market forward.

Market Segmentation

The bioabsorbable stents market is segmented into various categories to cater to specific applications and requirements:

By Product:

1. Coronary Stents
   • Polymer-Based Stents
   • Metal-Based Stents
2. Peripheral Stents
   • Polymer-Based Stents
   • Metal-Based Stents

By Material:

1. Polymer-Based Stents
   • Natural Polymer Stents
   • Synthetic Polymer Stents
   • Others
2. Metal-Based Stents
   • Stainless Steel Stents
   • Titanium Stents
   • Others

By Absorption Rate:

1. Slow-Absorption Stents
2. Fast-Absorption Stents

By Application:

1. Coronary Artery Disease
   • Acute Coronary Syndrome
   • Stable Angina
   • Others
2. Peripheral Artery Disease
   • Lower Extremity Arterial Disease
   • Renal Artery Stenosis
   • Others
3. Others

By End-User:

1. Hospitals
   • Public Hospitals
   • Private Hospitals
2. Cardiac Centers
3. Ambulatory Surgical Centers

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Key Players in the Bioabsorbable Stents Market

The market is highly competitive and includes key players such as:

1. Abbott
2. Boston Scientific Corporation
3. Biotronik SE & Co. KG
4. Elixir Medical Corporation
5. Medtronic plc
6. Terumo Corporation
7. Reva Medical, LLC
8. Amaranth Medical, Inc.
9. Arterial Remodeling Technologies
10. Kyoto Medical Planning Co., Ltd.
11. Lepu Medical Technology
12. Lifetech Scientific Corporation
13. Meril Life Sciences Pvt. Ltd.
14. ICON Interventional Systems
15. OrbusNeich Medical

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